LiCycle Holdings Reports Q2 2024 Financial Results
Intellectia.AI Updated: 1970-01-01
Li-Cycle Holdings Reports Q2 2024 Financial Results
Overview Li-Cycle Holdings Corp. has announced its financial results for the fiscal quarter ending June 30, 2024.
Key Financial Metrics
| Financial Metric | Current Quarter | Previous Quarter | Year Over Year | Consensus Estimates |
|---|---|---|---|---|
| Revenue | $8.4M | N/A | $3.6M | $4.28M |
| EPS | $-8.2M | N/A | $-31.9M | $-1.98 |
Interpretation Li-Cycle’s revenue for the current quarter increased substantially to $8.4 million compared to $3.6 million the previous year. They surpassed market expectations set at $4.28 million. However, earnings per share (EPS) were negative $8.2 million, as opposed to the consensus estimate of $-1.98.
Operational Data
| Metric | Current Period | Previous Period |
|---|---|---|
| Black Mass Produced* | 2,713 tonnes | 3,572 tonnes |
| Cash Used in Operations | $72.0M | $63.8M |
Comments from Company Officers No comments from company's officers were provided in the provided report.
Dividends or Share Repurchase Program No announcements regarding dividends or share repurchase program were mentioned in the report.
Forward Guidance The company remains focused on securing additional funding to recommence construction on the Rochester Hub. Adjusted guidance is pending based on further financial and technical reviews.
Stock Price Movement Post-earnings, Li-Cycle Holdings’ stock price increased by approximately 14.94%, indicating a positive market reaction to the quarterly results.
Note: The "Segment Revenue Performance" table was removed due to lack of useful information.
